BTC falling below $100,000 seems inevitable, but it provides the market with huge buying opportunities

Nakamoto 2025-11-2 11:53 39778人围观 BTC

As ETF fund outflows ended in October, Bitcoin fell nearly 4% in October, but the probability of Bollinger Bands BTC price fluctuations hit a record high. KEY POINTS: *Bitcoin posts its worst October performance since 2018, with traders cautious about ou

Bitcoin fell nearly 4% in October as ETF outflows ended in October, but Bollinger Bands BTC price volatility hit a record high.

Key points:

* Bitcoin posted its worst October performance since 2018, with traders cautious about the outlook.

* ETF outflows returned as derivatives traders hedged against risks despite macro tailwinds.

* Bollinger Bands data suggests that BTC price volatility is about to come back in full force.

Bitcoin (BTC） Prices were trading around $110,000 on Saturday as traders remained bearish after "Uptober" failed to deliver.

Bitcoin demand 'weak' ends Uptober

Data from Cointelegraph Markets Pro shows that BTC price is regaining losses during Friday’s Wall Street trading session.

This started with selling pressure – a common occurrence throughout the week – involving U.S. exchanges and spot Bitcoin exchange-traded funds (ETFs).

On-chain analytics platform Glassnode said the ETF outflows highlighted "increased selling pressure from TradFi investors and renewed weakness in institutional demand."

Data from UK-based investment firm Farside Investors showed outflows of $191 million on Friday, following Thursday's $488 million outflow.

Glassnode went on to note that the market has dismissed macro positive factors such as the Federal Reserve rate cuts.

The Fed delivered its expected rate cuts, but a hawkish tone in December has cooled optimism,” it told X followers.

“The initial rally gradually faded as traders re-entered cautious mode, a shift clearly reflected in BTC’s options market. ”

Traders are similarly cautious, with cryptocurrency investor and entrepreneur Ted Pillows calling Bitcoin's current setup a "time-based capitulation."

“BTC’s time-based capitulation is happening now. But for that to happen, Bitcoin needs to consolidate above $100,000,” he warned on Friday.

“A weekly close below this level would confirm a downtrend. ”

Meanwhile, trader Daan Crypto Trades said that real movement will only occur when BTC price decisively breaks through the upper or lower limits of its local range. The two key interest levels are $107,000 and $116,000.

Bollinger Bands Signal BTC Price Volatility Next

As a result, October’s monthly candle saw BTC/USD drop a disappointing 3.7% – its worst result since 2018.

As Cointelegraph reports, November is traditionally Bitcoin’s best month, with data from CoinGlass confirming that Bitcoin has gained an average of 42.5% since 2013.

Discussing this topic, commentator Matthew Hyland added that the Bollinger Bands volatility indicator continues to suggest record volatility is on the way.

“The monthly Bollinger Bands have reached the most extreme levels in Bitcoin’s entire history,” he wrote on X.

Bollinger Band narrowing has long been a focus for market participants.

Last month, the indicator’s creator, John Bollinger, said he would soon be “watching” the volatility of Bitcoin and major altcoins.
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